This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key building block for the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of active pharmaceutical ingredients (APIs) and other fine chemicals. Additionally, it finds application in material science for the synthesis of advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile reagent in both academic research and industrial processes.